Foreign exchange intervention
Subtitle: theory and evidence
By: Geert J. Almekinders.
Publisher: E. Elgar
Published: 1995
Place of publication: Aldershot, UK; Brookfield, Vt., US
Language: eng
Number of pages: 225
Subjects: Foreign exchange administration.; Foreign exchange rates.; Banks and banking, Central.
Description: Central bank intervention in foreign currency markets is widely regarded as ineffective by economists, policy makers and financiers, yet many central banks continue to enter the market in periods of turbulence. In Foreign Exchange Intervention, Geert Almekinders explains why central banks continue to carry out foreign exchange interventions despite their poor track record.

Foreign Exchange Intervention will be welcomed by academic researchers and students, as well as economists and analysts in the financial sector, for its comprehensive surveys of previous scholarship, the use of hitherto unavailable data from the Bundesbank and the Federal Reserve, and the policy conclusions which derive from the book's theoretical and empirical insights.
Notes: Includes bibliographical references (p. 211-220) and index.
Summary in Dutch.